The U.K. government has rolled back some of its restrictions on Russian energy, issuing new licenses that permit the import of certain refined oil products and the maritime transport of liquefied natural gas (LNG).
Effective Wednesday, a new license allows the import of diesel and jet fuel derived from Russian crude oil, provided the products have been processed in a third country. The government noted this license will be periodically reviewed and can be amended or revoked at any time.
In a separate easing of restrictions, companies are now permitted to transport and deliver LNG by ship from Russia’s Sakhalin-2 and Yamal LNG terminals. This specific exemption is time-limited and will expire on January 1, 2027.
